Menu
keyboard_backspace
ask a question ask a question
Get Realtime Updates of your Request. Download Vidhkarya App

Ask a Question - Free Legal Advice

Q.not closing of loan account and issuing NOC after debt payment.
Administrative Law (420)
Adoption (118)
Advertising (45)
Animal Laws (38)
Arbitration and Mediation (38)
Aviation (15)
Banking (518)
Bankruptcy and Debt (171)
Cheque Bounce (377)
Child Custody (146)
Civil (1931)
Commercial (68)
Consumer Protection (542)
Contracts and Agreements (450)
Corporate and Incorporation (91)
Criminal (1517)
Customs, Excise (34)
Cyber, Internet, Information Technology (318)
Debt and Lending Agreement (76)
Debt Collection (138)
Divorce (468)
Divorce and Separation (1599)
Documentation (298)
Domestic Violence (541)
Election Campaign and Political Laws (20)
Employment and Labour (1038)
Environment and Natural Resources (29)
Family (1842)
Financial Markets and Services (89)
Government Contracts (51)
Human Rights (252)
Immigration (51)
Industrial Laws (51)
Insurance (67)
Intellectual Property, Copyright, Patent, Trademark (98)
International Laws (11)
IT Contracts (41)
Juvenile (17)
Landlord and Tenant (564)
Licensing (21)
Mail Fraud (14)
Maternity (57)
Media, Communication, Entertainment (16)
Mergers and Acquisition (20)
Military Laws (9)
Motor Accident (132)
Muslim Laws (56)
Outsourcing Agreement/Laws (5)
Partnership (56)
Police Laws (60)
Power of Attorney (74)
Privacy (89)
Property (2729)
Real Estate (400)
Registration (132)
RTI (110)
Sale (57)
Sale of Goods (20)
Sex Crime (136)
Sexual Harassment (6)
Sexual Harassment at Workplace (69)
Software License (4)
Tax (13)
Tax-GST (6)
Tax-Income Tax (22)
Tax-Property Tax (30)
Telecommunication (10)
Torts (16)
Transportation (49)
Trust and Society (NGO) (80)
Will (142)
Work Permits (30)

Q. not closing of loan account and issuing NOC after debt payment.

I had a mortgage loan from AU Small finance bank worth Rs.1140000/- 12 months back but due to some economical problem unable to repay the EMI and the interest was accumulated with penalty the total amount was 1232806/- till 1 dec18 but at the time of recovery the bank agreed to settle the loan at 1190000/- as full and final amount paid till 20 dec2018 to foreclose the loan account and issued the settlement letter stating same. As per the agreement I transferred the whole agreed amount of Rs. 1190000/- on 20 dec 18. But although transferring the amount the bank had not closed my account and issued a NDC till date and not responding any further. What should I do in this case ? Is their any faster way to get the account closed and get NDC ? Can I file complaint in any tribunal?
Share this questionShare Icon

Showing 5 of 5 Responses

A. Issue a legal notice to the bank demanding NOC and loan closure as per settlement and if the do not consider you may file a consumer case or file application u/s 22c of Legal Services Authority Act before the Permanent Lok Adalat in your Jurisdiction.....Although you can file also a S.A in DRT but it wil be expensive.......and tribunal shall stick primarily to the loan agreement writeen terms.

Found Helpful
Found Helpful
Share this answerShare Icon

Chinmoy Patra

Experience: 14 Year(s)

Responded 3 months ago

View All Answers
Reply Here

A. write to the GRO/Ombudsman of the bank about your grievances

Found Helpful
Found Helpful
Share this answerShare Icon

ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 4 months ago

View All Answers
Reply Here

A. First u should approach to the concerne bank higher authority and ask about it . Otherwise file complaint against them

Found Helpful
Found Helpful
Share this answerShare Icon

Rameshwar Dadhe

Experience: 2 Year(s)

Responded 4 months ago

View All Answers
Reply Here

A. Dear Client,
First talk to the Manager of the concerned bank.
Next talk to the Regional Manager and try to sort it out with all papers and see how much time they will take.
Next step is Head Office.
Ask them how much time they will take.
Shanti Ranjan Behera
Advocate

Found Helpful
Found Helpful
Share this answerShare Icon

Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 4 months ago

View All Answers
Reply Here

A. Dear Sir
Please lodge complaint with Banking Ombudsman

Found Helpful
Found Helpful
Share this answerShare Icon
Reply Here
Talk to a Lawyer
Post Your Matter
Request Callback
Contact Us